You may see your thanksgiving travel plans disrupted. Wind, heavy rain, snow, freezing rain, just as the holiday gets going. Not good for the malls, but excellent for the online guys. Now, look at this. Hunger games catching fire, Huge Box Office for movies that you can invest in. Varney company is about to begin. Stuart we will start with your obamacare update. If you get your Health Insurance from your employer, here comes sticker stock. The wall street journal reports that obamacare forces more people to enroll in a plan from their employer to avoid those fines, that pushes employer plans up because of the extra people and that means premiums and especially deductibles will go up for millions of people. Youre going to pay more, a lot more. Another prominent democrat distancing himself from obamacare, minnesotas senator al franken says he supports a delay in the individual mandate if the website problems arent fixed by the end of this month, five days away, aint going to happen. Fran
Believes washington must do Everything Possible to avoid defaulting on its debt. Liz the adp jobs report came out weaker than forecast. Adp said companies hired 166,000 new workers since september. The august increase was revised downward to 159,000. David we may not get the friday report. So which have to rely on adp. Activist investor dan lobe is turning up the heat on sothebys and wants to out of the man who is both chairman and ceo. Lobe says the auction houses leader has failed to grasp the modern art world. Liz the seed giant, monsanto agreed to buy the farm Analytics Firm farm corp for 930 million. Monsanto announce ad deeper quarterly loss as sales dropped. David reuters, reported that cargo, one of the leading traders is in final stages of the deal to buy Archer Daniels midland cocoa business. If it goes ahead it would have a price setting global giant. We have a lot of news breaking this hour. After the bell starts right now. Liz look where we ended today, david . Down 60. Ju
0. 4 for s p 500. 1410 is the level just reclaimed. Government shutdown now in day 14. Debt ceiling deadline one day closer. A meeting between the president , the Vice President , congressional leaders at the white house that was set for 3 p. M. Eastern has been postponed. John harwood is there at the white house. Any rumblings about when this meeting might happen now . Bill, dont know but the longer its postponed, the better, because its giving time for Senate Negotiators to wrap up a deal that they can then outline to members of the leadership bipartisan, pelosi, reid, as well as the president of the united states. Most people are bystanders at this point. President obama, the house of representatives, all attention is focused on two men harry reid and mitch mcconnell. Earlier this afternoon they both came out on the senate floor and said things were looking good. Constructive good faith negotiations continue between the republican leader and me. Im very optimistic that we will reach
Jpmorgan and wells fargo out with their earnings reports. They beat the estimates but there are worrisome signs. Should Investors Bank on the banks or not. The top banking analyst on the street. Ty is down on the nyse. Sue, thank you very much. Again, stocks as you point out in rally mode. The dow up about 97 points, 96 right now and the Standard Poors back above 1700 at 1702 on this day 11 of the Government Shutdown. Five days and counting until the u. S. Hits the debt ceiling. The house gop offering a debt limit hike and the shutdown. Is it being played out behind closed doors right now . Luke russert of nbc news live on capitol hill. Luke, what is the latest state of play . The latest we can report is tomorrow morning at 9 00 a. M. The house gop conference is going to have a meeting where they will presumably leadership will present the plan forward in terms of the deal to raise the debt limit and possibly fund the government. The offer that was put forward to the white house by the
Reports suggest an agreement on the shutdown is coming along. The 10year right around 2. 71 and europe is up on some of the highest german Economic Confidence numbers in the past three years. Our road map begins with anticipation. Two days from the debt ceiling, day 15 of the shutdown, still no deal on the table. But lawmakers say they are clos closer. A mixed bag of quarterly results. Citi, coke and j j. And blackberry placing an open letter to customers to reassure them, quote, you can continue to count on blackberry. There is some hope of a senate deal. They say theyre getting close to an agreement to reopen the government. The dow coming close to its fourth day of gains. The question is what happens. Listening to david tepper just tremendous this morning saying this is about main street, main street will be crushed, higher Interest Rates coming. But you know what i dont like to hear . These are senators. Its always the senate has always been kind of a convivial place. Its the house